Common Misconceptions of Life Insurance

October 06, 2025 Life Insurance

Common Misconceptions of Life Insurance

With so many options and details, life insurance can be a confusing topic. But it doesn’t have to be. Farm Bureau® agents are here to clear the air and help you find the best plan for your scenario. Here are some of the most frequent misconceptions we hear.

“I’m too young for life insurance.”

Many people think life insurance is only for older adults. But there are real benefits to investing in coverage earlier in life – notably, it often means lower premiums. Life also changes quickly. Marriage, children, or buying a home can all mean new responsibilities that life insurance helps protect.

“I’m too old for life insurance.”

Conversely, some people may think they have aged past the window to get life insurance. Although health may affect options and pricing, there are products and policies available to older individuals.

“It’s too expensive.”

Another common misbelief is that life insurance is prohibitively expensive or only for the wealthy. Term life insurance, in particular, is often more affordable – especially for younger applicants in good health.

“I don’t need it because I don’t have dependents.”

Even if you’re single, life insurance can still be useful. It can cover debts and final expenses or provide financial support for aging parents. If your situation changes in the future, like life so often does, you’ll already have a policy in place.

“My work policy is enough.”

Employer-provided life insurance is a great benefit, but it may not follow you if you change jobs. Having your own individual policy can help ensure consistent, reliable coverage.

As with most things in life, knowing the facts can help you make confident, informed decisions when it comes to life insurance. Even if you already have some coverage, it’s important to understand your policy features and benefits so that you don’t have a coverage gap and that you really are providing for your loved ones as you intend. Life insurance isn’t just about preparing for the worst. It’s about taking care of those you care about most. Speak with a Farm Bureau agent to talk about your options.

Click the link to get contacted by an agent: www.sfbli.com/findoutmoreinformation/

Southern Farm Bureau® Life Insurance Company offers life insurance in Arkansas, Colorado, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Texas, and Virginia.

Life Insurance products are offered through Southern Farm Bureau Life Insurance Company, Jackson, MS.